African Bank’s Savings and Investments solutions are a breath of fresh air in today’s South African financial market. The market is saturated with micro lending institutions bombarding consumers with messages about debt. African Bank’s solutions have taken a different direction, with the offer of savings and investment options for consumers, thus contributing towards fostering a saving culture for households and individuals. While savings accounts give clients the ability to protect their money with easy access to it, investment solutions are designed to grow savings and give clients a healthy return. Africa Bank’s Savings and Investment portfolio helps individuals cope with unexpected expenses and emergencies.
Clients are offered three investment options: fixed deposit, Access fixed deposit and Notice deposits. A minimum of R5000 is required to invest. The fixed deposit offer runs for a period of between 3 and 60 months with minimum interest at 5.65% and maximum interest at 9.5%. The interest schedule runs from monthly, semi-annual to maturity. Access fixed deposits offer clients interest of 5.55% to a maximum of 8.2%. Clients are able to invest over a period of 3 to 60 months, with the interest schedule running from semi-annual to maturity. The final option, of notice deposits offers clients interest of up to 5.5%, with a notice period of 32 days and a monthly interest schedule.
Savings accounts with African Bank require a minimum amount of R500. There are no fees and interest rates are highly attractive.
African Banks’ solutions provide clients with a secure financial future. Call them on: 0800 224 4683.